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  • #1,981
  • Jul 30, 2012 5:52am Jul 30, 2012 5:52am
Quoting DonL
Oh no!! It's my fault, I knew I shouldn't have loaded up that triangle!!!
My apologies!!


Attachment
Oh no!! Your analysis saved me a few pips. Thanks.
daddybearforex. com
  • #1,982
  • Jul 30, 2012 5:54am Jul 30, 2012 5:54am
Quoting DaddyBear
I am shorting at this level. When it does break 1.0500 then I will take a look. As I mentioned this is probably a "throwback". I used "Bull's tail swing" to describe such PA before. This is a sign of "EXCEL". IMHO
Do you think if finally the BCE buy bonds, we can see a spike up for example of 200 pips in EURUSD GBPUSD AUDUSD etc...?Maybe we are in a dangerous situation shorting now...
  • #1,983
  • Jul 30, 2012 6:02am Jul 30, 2012 6:02am
Quoting irfandbl
I guess I'd short her by the time it gets 1.0507
I belong to the first group listed on DB's Law #1. I'd rather taking some risk than waiting for a higher price to enter. It's about 10 pips difference. comparing to the high reward, I wouldn't miss the boat.
Attached Image
daddybearforex. com
  • #1,984
  • Jul 30, 2012 6:03am Jul 30, 2012 6:03am
Quoting DaddyBear
Oh no!! Your analysis saved me a few pips. Thanks.
Oh good!

Of coarse, had I not put a triangle on the market, and squeezed the Aussie into popping out, it might have gone down and palabara wouldn't have given me a hard time about inciting threesomes. It was embarrassing!

Hope you had a good sleep!!

.....When trading all day from a computer, you have to stay a bit light hearted.....
  • #1,985
  • Jul 30, 2012 6:07am Jul 30, 2012 6:07am
Gidday fellow Gamblers

Went short also

Everytime I short this pair,it climbs back up

What are they feeding the Kangaroos
  • #1,986
  • Jul 30, 2012 6:09am Jul 30, 2012 6:09am
Quoting Itrade24h
Do you think if finally the BCE buy bonds, we can see a spike up for example of 200 pips in EURUSD GBPUSD AUDUSD etc...?Maybe we are in a dangerous situation shorting now...
Everything is possible. I am not shorting without thinking. Although I don't pay too much attention to fundies, I still look at our members' fundie analysis. There was a post discussing the what if scenario. If finally the BCE buys bonds, then big boys are going back to buy Euro. They may just dump the Aussie at that time. Check it out yourself. IMHO
daddybearforex. com
  • #1,987
  • Jul 30, 2012 6:12am Jul 30, 2012 6:12am
Quoting eliteincome
Gidday fellow Gamblers

Went short also

Everytime I short this pair,it climbs back up

What are they feeding the Kangaroos
Oh no! We are not gamblers. Have you ever seen a gambler bring a chart to a casino?
daddybearforex. com
  • #1,988
  • Jul 30, 2012 6:24am Jul 30, 2012 6:24am
Quoting DaddyBear
Oh no! We are not gamblers. Have you ever seen a gambler bring a chart to a casino?
Well said!
Gambling is a game of chance. Trading is making a calculated risk that is managed much like the initiation and establishment of any business. IMHO
  • #1,989
  • Jul 30, 2012 6:26am Jul 30, 2012 6:26am
Quoting DonL
Well said!
Gambling is a game of chance. Trading is making a calculated risk that is managed much like the initiation and establishment of any business. IMHO
Poker and forex are the same.
Money management and risk calculated.
  • #1,990
  • Jul 30, 2012 6:27am Jul 30, 2012 6:27am
Quoting DaddyBear
I belong to the first group listed on DB's Law #1. I'd rather taking some risk than waiting for a higher price to enter. It's about 10 pips difference. comparing to the high reward, I wouldn't miss the boat.
I belong to the 1st group as well Papa, hence I'm thinking that 1.0507 would be too soon as well
  • #1,991
  • Jul 30, 2012 6:29am Jul 30, 2012 6:29am
Quoting Itrade24h
Poker and forex are the same.
Money management and risk calculated.
eliteincome was talking about this .....
Attached Image (click to enlarge)
Click to Enlarge Name: BINGO!.JPG Size: 71 KB
daddybearforex. com
  • #1,992
  • Jul 30, 2012 6:31am Jul 30, 2012 6:31am
Quoting DaddyBear
eliteincome was talking about this .....
LOOOOOL
  • #1,993
  • Jul 30, 2012 6:38am Jul 30, 2012 6:38am
Quoting Itrade24h
Do you think if finally the BCE buy bonds, we can see a spike up for example of 200 pips in EURUSD GBPUSD AUDUSD etc...?Maybe we are in a dangerous situation shorting now...
Germany are against it and will still be against it. Looking at it from a political perspective the smart move for Merkel to play is to leave the decision of bailing them out full scale to a referendum.

So no confirmations there.
  • #1,994
  • Jul 30, 2012 6:51am Jul 30, 2012 6:51am
Quoting FxPro Global
... In June 2012 we transitioned to a full agency model with no dealing desk intervention ...
Hi James and thank you for the clarification. I wasn't aware of the "full transition" and my comment just referred to about years 2008-2009.

There is also a FxPro dedicated thread under the Broker Discussion forum:
http://www.forexfactory.com/showthread.php?t=210008
where you could be of help should any questions or doubts arise.
  • #1,995
  • Jul 30, 2012 7:02am Jul 30, 2012 7:02am
Quoting Esssex
Germany are against it and will still be against it. Looking at it from a political perspective the smart move for Merkel to play is to leave the decision of bailing them out full scale to a referendum.

So no confirmations there.
The problem with Draghi and Co's comments late last week about supporting the Euro at any cost is that without a plan, he and his words and the Euro will sink faster than the Titanic.

In that scenario, will the little Aussie bleeder be a safe haven? I doubt it.

The devil will be in the details.
  • #1,996
  • Edited 7:49am Jul 30, 2012 7:07am | Edited 7:49am
I've just had a look at this last price move and see two possibilities.

the AUD has just pulled back to my upper trend line and will either test it again before moving back to the previously made topat 1.0484 and if it makes it past that then it will head to the lower trendline at 1.0470.

If it bounces from where it just touched, it should find it's way to just above 1.05 in the immediate future to fulfill my morning prediction.

Let me know how the next session goes! I'm off for a nap.
Happy trading everyone!

Attached Image (click to enlarge)
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EDIT:
BTW... If it breaks above 1.0505, might take a buy for TP at 1.0543 with half the lots TP at 1.0520,..Good place for a SL might be 1.0455!
For those that see it the other way, I don't think I would short to hastily after it passes that level.
(Don't take my word for it without making your own analysis)
  • #1,997
  • Jul 30, 2012 7:20am Jul 30, 2012 7:20am
I am short at 1.0493
Good luck and may the odds be ever in your favor!
  • #1,998
  • Jul 30, 2012 7:38am Jul 30, 2012 7:38am
Quoting dbutton1990
I am short at 1.0493
Hi Dbutton, do you place a TP on the short or are you trading open?
  • #1,999
  • Jul 30, 2012 7:47am Jul 30, 2012 7:47am
Quoting DonL
Hi Dbutton, do you place a TP on the short or are you trading open?
I usually place a tp of 10-20 pips...I already got out with a 8 pip gain...will wait to see what happens next...
Good luck and may the odds be ever in your favor!
  • #2,000
  • Jul 30, 2012 7:52am Jul 30, 2012 7:52am
Quoting dbutton1990
I usually place a tp of 10-20 pips...I already got out with a 8 pip gain...will wait to see what happens next...
Great! A positive result is always good and 8 pips can buy groceries for the day!!
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